Market Update

The Federal Reserve released minutes from its latest policy meeting on Wednesday, revealing a nuanced approach to monetary policy as the central bank navigates a complex economic landscape. While a majority of policymakers supported a 50 basis points (bps) reduction in the federal funds rate, the minutes also highlighted a …

The EUR/GBP pair trades around 0.8380, consolidating sideways and displaying no clear trend. In addition, the cross lost the 20-day Simple Moving Average (SMA) which might a downwards leg. The technical indicators present that the bulls are backing off. The Relative Strength Index (RSI) is at 46 in negative territory …

Yannis Stournaras, the governor of the Bank of Greece, has called for the European Central Bank (ECB) to accelerate its pace of interest rate cuts to prevent the Eurozone economy from suffering. He believes that the current “highly restrictive” rates pose a significant risk to economic growth.Stournaras, who is also …

The Federal Reserve (Fed) is set to release the minutes from its September 17-18 policy meeting on Wednesday at 18:00 GMT. The meeting marked a significant shift in monetary policy as the central bank cut interest rates by 50 basis points, the first reduction in over four years.While the market …

U.S. stock index futures edged lower early Wednesday, with Dow Jones Futures down 42 points (0.1%), S&P 500 Futures falling 7 points (0.1%), and Nasdaq 100 Futures slipping 40 points (0.2%). This follows Tuesday’s gains, driven by a surge in technology stocks, notably Nvidia, which rose 4%. Key Developments: Fed …

New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), reduced its cash rate by 50 basis points to 4.75% on Wednesday, aligning with market expectations. This marks the second consecutive rate cut, following a 25-basis-point reduction in August. Market Reactions The kiwi dollar dropped 0.9% to $0.6084, reaching …

European stock markets traded in a subdued manner on Wednesday as investor confidence was hit by ongoing conflict in the Middle East and market volatility in China. DAX (Germany): flatCAC 40 (France): down 0.1%FTSE 100 (U.K.): up 0.4% Concerns over China and Middle East Conflict European stocks were impacted by …

Gold prices extended their decline in Asian trading on Wednesday, as growing expectations of slower rate cuts by the Federal Reserve weighed on the market. A stronger U.S. dollar, supported by rising Treasury yields, added pressure on metals. Spot gold slipped 0.2% to $2,615.90 per ounce, while December gold futures …

Stocks rebounded on Tuesday following a losing session on Wall Street, as oil prices eased and investors assessed ongoing tensions in the Middle East. The S&P 500 gained 0.97% to settle at 5,751.13, and the Nasdaq Composite rose 1.45% to finish at 18,182.92. The Dow Jones Industrial Average added 126.13 …

The Dollar Index remains neutral on Tuesday near the key 103.00 level. Fed officials remain cautious about easing policy too much, too soon. CPI figures on Thursday will be key for DXY movement.The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, …